10:13 AM EST - QLT Inc. : reported fourth-quarter net income of $80.58 million U.S. or $1.49 U.S. per share, compared to $5.87 million U.S. or $0.08 U.S. per share last year. Loss from continuing operations was $36.09 million U.S. or $0.67 U.S. per share, wider than $1.96 million U.S. or $0.03 U.S. per share in the same quarter a year earlier. In the fourth quarter, on a non-GAAP basis, the company posted breakeven per share. Net product revenue declined to $10.81 million U.S. from $11.85 million U.S. in the same quarter a year earlier. QLT is projecting that Visudyne sales will range from $90-100 million U.S. in 2010, with approximately $27-31 million U.S. occurring in the United States. Total revenue is projected to be approximately $47-53 million U.S. in 2010. QLT Inc.
shares T.QLT are trading down $0.02 at $5.10.
